Losing a Job is Bad -- At 50 It's Worse!

Losing your job in your 50s is just plain devastating. Your bills are bigger than when you were 30: Kids, Mortgage, Cars, Health Expenses and Health Expenses and Health Expenses. Your chances of landing a job are smaller as well.

Jill Hickman of the Hickman Companies, a leadership development consulting firm says, “When organizations are trying to be fiscally prudent, they are also looking at Experience and Work Ethic versus training someone younger --- those candidates in their 40s, 50s and above are going to have a difficult time finding that placement.”

She says the first thing to do after you lick your wounds for a day or two, is to “bite the ego bullet’ and reach out to everyone you know. “Let them know you’re interested in other possible positions in other industries and would like to talk about transferable skills.” And keep your attitude positive - especially in front of others. No one wants to refer or hire someone who sounds like a disgruntled victim.

After you get your job search started, look at your financial status.Hickman advises, “Reach out to your credit card holders, your mortgage holders, your car finance holder and work to negotiate lower payments, or delayed payments.” Also see which of your regular expenses can be down-sized or laid off entirely.

Hickman suggests once you’re hired, or if you’re still working, make it a priority to keep up your business/social contacts by joining a business association and getting active.Build up those contacts and relationships before you need them.Make sure you present yourself at work as an innovator, taking on a responsibility outside your day-to-day duties. Also, keep up with your profession. Subscribe to and read a professional periodical or two regularly. Submit letters to the editor, call or write to authors of pertinent articles.Not only will you be more able to jump into the job market again – but you may just enjoy your profession more!

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